Rapid Junk Rout Amplifies Arini’s Losses and Erases Sona’s Gains
Arini Capital Management and Sona Asset Management’s main hedge funds were pummeled in recent weeks, as a sharp decline in pockets of the junk-debt market slammed their holdings.
By Nishant Kumar and Giulia Morpurgo · Bloomberg Markets
Arini Capital Management and Sona Asset Management’s main hedge funds were pummeled in recent weeks, as a sharp decline in pockets of the junk-debt market slammed their holdings.